Dorel Industries Inc. reported a decrease in revenue for the second quarter and six months ended June 30, 2025. The second-quarter revenue was US$292.4 million, down 16.0% from the same period last year. The reported net loss was US$44.9 million, compared to US$59.5 million last year. However, Dorel Juvenile delivered a strong second quarter with revenue growth in international markets. On the other hand, Dorel Home faced challenges with a decrease in revenue and implemented a restructuring plan to reduce costs and streamline operations.

In the second quarter, Dorel Juvenile saw revenue growth of 0.8% to US$218.1 million, driven by markets outside the U.S. The company reported adjusted operating profit of US$7.8 million, an increase of 14.2% compared to last year. Dorel Home, however, experienced a 43.5% decline in revenue to US$74.3 million and recorded an adjusted operating loss of US$12.7 million. The company announced a restructuring plan to reduce costs and focus on profitable categories.

Dorel Industries Inc. will hold a conference call on August 11, 2025, to discuss these results. The company is actively working on restructuring and implementing changes to improve profitability in 2026. The long-term debt and financing have been amended to provide additional liquidity and support the company’s growth plans. The company remains confident in its ability to navigate the challenges and return to profitability in the future.

Read more at GlobeNewswire: Dorel Reports Second Quarter 2025 Results